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Startup Hyperloop One Raises Total Funds of $92.6 Million

Hyperloop One is a California- based startup is dedicated to bring revolution in the transportation very soon. Its product, Hyperloop is powered by magnetic levitation that will save time in transportation.

Bullet train in Japan made a high speed record by reaching 581Km per hour. The train uses magnetic levitation to reach the speed. Hyperloop One, a California- based startup is working on developing an unimaginable technology that can bring high speed transpiration for people and goods implementing Maglev. The technology eradicates the requirement for wheels, axes or bearing along with a mechanism and infrastructure required for the train movement, where speed is restricted by friction. With the help of Maglev, Hyperloop One is building up the 5th mode of transportation. To have an overview how really the technology works you can check out the video below.

Maglev has already created a base for high speed transport. Similar to Bullet Train, Shanghai Maglev Train is another active passenger train in China that can reach 430Km/h. Long journeys are covered in minutes. For cities, Maglev has proved to be cost-effective, time-saving and energy-saving  for commuting and as we all know,  plays a key role in any kind of development.

The system will be designed with an aim to ft in various locations irrespective to the geological limitation. It can reach up to 750 miles per hour in a comfortable pod inside. The system looks forward to connect big cities and within few minutes can transport people and goods from one location to another. Hyperloop One’s new transportation is all set to break the barriers faced by the existing state-of-the-art Maglev platform.

Founded by Shervin Pishevar and Borgan BamBorgan (Former SpaceX Engineer), Hyperloop One has raised overall $92.6 Million in Three rounds of funding. In the most recent funding, it has successfully raised $1.5 Million.

Takeaways:

  • Hyperloop One is working on 5th mode of high speed transportation system, capable of reaching 750 miles per hour.
  • The system will be built on Magnetic Levitation that reduces costs and provides affordable high speed transportation connecting big cities.
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